Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Office Space Available Title is generated by Realmo AI

    209 Research Blvd, Aberdeen, MD

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space for rent near Aberdeen Proving Ground.

    Type:OFFICE
    Property size:
    5,433 SF
    Lot size:
    18.35 Acres
    Added:
    Nov 22, 2024
    Days on Market:
    560
    Last Refresh:
    May 19 at 9:11 pm

    Property Features for 209 Research Blvd

    General Information

    Standard status
    Active
    Size
    5,433 SF
    Lot size
    18.35 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 209 Research Blvd Contact us

    We can help!

    Listing Contact
    Joe Bradley
    Joe Bradley

    Listing agent Joe Bradley

    Listing office MacKenzie Commercial Real Estate | Baltimore

    Listing date Nov 22, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of MacKenzie Commercial Real Estate | Baltimore

    HighLights

    • Located adjacent to Aberdeen Proving Ground
    • Part of the North Gate Business Park designed for over 900,000 square feet of Class A offices
    • Located in Harford County Enterprise Zone
    • Pursuing LEED certification at the Gold or Silver level
    • MTA Commuter Bus No. 425 provides direct connections to Baltimore
    • Designed for Class A offices

    Overview

    Located adjacent to the Aberdeen Proving Ground, the North Gate Business Park offers Class A office spaces. Designed for over 900,000 square feet of office space, the property is situated within the Harford County Enterprise Zone. Public transportation is facilitated by the MTA’s Commuter Bus No. 425, providing direct connections between Baltimore and Aberdeen Proving Ground. Each building within the park has been awarded LEED certification at the Gold or Silver level by the U.S. Green Building Council. Available for rent is a 5,433 square foot office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    The MITRE Corporation Professional Services MITRE Charitable Organization GSA-Us Army Criminal Military Base Telcordia Technologies (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Harford
    State
    Maryland
    Longitude
    -76.1493
    Latitude
    39.5027

    Nearby Similar for Lease

    • $2,000/Mo
      1,420 SF

      Downtown Aberdeen Retail/Office Space

      Versatile commercial space in downtown Aberdeen, ideal for various businesses.
      38 PARKE Street, ABERDEEN, MD 21001
      View Details
    • $2,000/Mo
      1,420 SF

      Downtown Aberdeen Commercial Space Available

      Versatile commercial space in downtown Aberdeen, ideal for various businesses.
      38 PARKE St, Aberdeen, MD 21001
      View Details
    • $3,500/Mo
      2,883 SF

      Aberdeen Commercial Corner Unit

      Adaptable commercial space with high visibility in Aberdeen, Maryland.
      690 S PHILADELPHIA Blvd 100, Aberdeen, MD 21001
      View Details
    • $1,000/Mo
      700 SF

      Retail Storefront in Aberdeen

      Street-level retail space with open layout and display windows.
      10 N PARKE St 1, Aberdeen, MD 21001
      View Details
    • Contact for pricing
      103,000 SF

      Aberdeen Marketplace Retail Space

      103,000 SF shopping center with high visibility.
      1010-1026 Beards Hill Road, Aberdeen, MD 21001
      View Details
    • Contact for pricing

      Retail Space at Aberdeen XChange

      Retail space available at Aberdeen XChange in Aberdeen, MD.
      834 Old Philadelphia Road, Aberdeen, MD 21001
      View Details
    • Contact for pricing

      Class A Office Space Available

      Office space near Aberdeen Proving Ground in Harford County.
      206 - 210 Research Boulevard, Aberdeen, MD 21001
      View Details
    • Contact for pricing

      Renovated Office Space in Aberdeen

      Centrally located office space with renovated exterior and on-site parking.
      219 W Bel Air Ave, Aberdeen, MD 21001
      View Details
    • Contact for pricing
      17,000 SF

      Aberdeen Service Warehouse For Lease

      17,000 SF warehouse on 3 acres with fenced yard.
      629 S Philadelphia Boulevard, Aberdeen, MD 21001
      View Details
    • $13 SF/Yr
      7,319 SF

      Office Space Available For Rent

      Office space available for rent, offering 3,200 square feet.
      1104 S Philadelphia Blvd, Aberdeen, MD
      View Details
    • Contact for pricing
      44,936 SF

      Flex Building Fully Leased

      44,936 SF flex building, currently fully leased.
      1040 Hardees Drive, Aberdeen, MD 21001
      View Details
    • $17 SF/Yr
      1,325 SF

      Retail Space in Aberdeen, MD

      Retail space available for lease in Aberdeen, Maryland.
      33-37 W Bel Air Ave, Aberdeen, MD
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent near Aberdeen Proving Ground.
    Where is this office units located?
    The property is located at 209 Research Blvd Aberdeen, MD.
    What are key features of this property?
    This property features: Located adjacent to Aberdeen Proving Ground; Part of the North Gate Business Park designed for over 900,000 square feet of Class A offices; Located in Harford County Enterprise Zone
    (443) 573-3200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Bradley
    Joe Bradley
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    209 Research Blvd, Aberdeen, MD
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!